/U.S. firm acquires stake in China retailer

U.S. firm acquires stake in China retailer

— Furniture Today,
Red Star is China’s largest furniture store chain

BEIJING — U.S. private equity investment firm Warburg Pincus is investing $196 million to buy about a 20% stake in Red Star, China’s largest furniture store chain, according to reports. For details, click here. http://www.nationmultimedia.com/worldhotnews/read.php?newsid=30036339

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